Apple (AAPL) Continues Slide Heading Into Quarterly Results
Apple (Nasdaq: AAPL) is continuing its slide Friday. Shares are down over 1 percent on the session.
Since closing at $435.69 on April 11th, Apple has slid lower the next five of six sessions, erasing $45 billion of market cap in the process. Shares closed modestly higher on April 16th.
Shares are now comfortably below noted moving averages, with the 20-, and 50-day SMAs sitting at $430.22 and $440.55, respectively.
The company is expected to release Q2 results on April 23rd.
Since closing at $435.69 on April 11th, Apple has slid lower the next five of six sessions, erasing $45 billion of market cap in the process. Shares closed modestly higher on April 16th.
Shares are now comfortably below noted moving averages, with the 20-, and 50-day SMAs sitting at $430.22 and $440.55, respectively.
The company is expected to release Q2 results on April 23rd.